Comerica Analyst No Longer Bullish, Sees ‘Attractive Attributes In Coming M&A Cycle’
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Shares of Comerica Incorporated (NYSE: CMA) fell in premarket trading on Monday, after the company last week reported its fourth-quarter earnings.
The company faces nearer-term earnings challenges, which put into question its ability to “generate positive operating leverage into 2025,” according to Raymond James.
The Comerica Analyst: Michael Rose downgraded the rating for Comerica from Outperform to Market Perform.
The Comerica Thesis: Its interest rate positioning, which is now “fairly neutral,” creates a “formidable challenge” for the company to return to net interest income and net interest margin levels that it achieved …
Full story available on Benzinga.com
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